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Why a Funded Pension System is Useful and Why it is Not Useful
Sinn, Hans-Werner - 2021
Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the...
Persistent link: https://www.econbiz.de/10013210645
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Wann kippt Deutschland um?
Sinn, Hans-Werner; Übelmesser, Silke - In: Ifo Schnelldienst 53 (2000) 28-29, pp. 20-25
verschwinden. Das Stimmenverhältnis wird dann umkippen, und Deutschland wird sich im Regime einer Gerontokratie mit problematischen …
Persistent link: https://www.econbiz.de/10005014116
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The Value of Children and Immigrants in a Pay-as-You-Go Pension System : A Proposal for a Partial Transition to a Funded System
Sinn, Hans-Werner - 2022
It is shown that the net fiscal externality created by an additional member of a pay-as-you-go pension system that is endowed with individual accounts equals the gross contributions" of this member. In Germany, this is an amount of about DM 175,000. The paper uses this" information to design a...
Persistent link: https://www.econbiz.de/10013309212
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The Crisis of Germany's Pension Insurance System and How it Can Be Resolved
Sinn, Hans-Werner - 2021
The paper discusses the options for a reform of the German pension system using a model developed at CES for the German Council of economic advisors to the Federal Ministry of Economics and Research. It is argued that the German pay-as-you-go-system is efficient in a present value sense but will...
Persistent link: https://www.econbiz.de/10013310801